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New World: Establishing overseas subsidiaries and obtaining the US MSB license, covering scenarios such as Digital Currency Trading.
On July 1, Newland (000997.SZ) announced that its holding subsidiary, Hong Kong Starway Payment Co., Ltd., has completed the establishment of its wholly-owned subsidiary, NovaPay US Inc., and has obtained the MSB license granted by the US FinCEN. The registered capital of NovaPay US Inc. is 1 USD, and its business scope includes currency trading or transfer, including currency exchange and international remittance services. The company obtains the US MSB license to provide legal access qualifications for cross-border fund operations, covering scenarios such as currency exchange, remittance, and digital currency trading, to provide infrastructure for connecting with mainstream financial institutions worldwide, laying the foundation for the development of cross-border payment-related businesses, supporting the company's global strategic layout, and contributing significantly to achieving the beautiful vision of becoming a leading enterprise in digital commerce.